{"id":114295,"date":"2021-06-23T13:46:40","date_gmt":"2021-06-23T08:16:40","guid":{"rendered":"https:\/\/blog.forumias.com\/?p=114295"},"modified":"2021-06-23T13:50:01","modified_gmt":"2021-06-23T08:20:01","slug":"what-is-hallmarking","status":"publish","type":"post","link":"https:\/\/forumias.com\/blog\/what-is-hallmarking\/","title":{"rendered":"What is Hallmarking"},"content":{"rendered":"\n<p><b><span data-contrast=\"none\">Synopsis:<\/span><\/b><span data-contrast=\"none\">\u00a0\u00a0What are the impacts of new RBI rules that mandates to sell only hallmarked\u00a0gold\u00a0jewelry\u00a0and artefacts.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335551550&quot;:1,&quot;335551620&quot;:1,&quot;335559739&quot;:160,&quot;335559740&quot;:257}\">\u00a0<\/span><\/p>\n<h5><b><span data-contrast=\"none\">\u00a0What is hallmarking?<\/span><\/b><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335551550&quot;:1,&quot;335551620&quot;:1,&quot;335559739&quot;:160,&quot;335559740&quot;:257}\">\u00a0<\/span><\/h5>\n<ul>\n<li data-leveltext=\"\u00b7\" data-font=\"Symbol\" data-listid=\"109\" aria-setsize=\"-1\" data-aria-posinset=\"218\" data-aria-level=\"1\"><span data-contrast=\"none\">\u00a0Hall marking is a certification of purity. it is given by hallmarking\u00a0centers\u00a0(AHCs) accredited by the Bureau of Indian Standards (BIS).<\/span><span data-ccp-props=\"{&quot;134233279&quot;:true,&quot;201341983&quot;:0,&quot;335551550&quot;:1,&quot;335551620&quot;:1,&quot;335559739&quot;:160,&quot;335559740&quot;:257}\">\u00a0<\/span><\/li>\n<li data-leveltext=\"\u00b7\" data-font=\"Symbol\" data-listid=\"109\" aria-setsize=\"-1\" data-aria-posinset=\"219\" data-aria-level=\"1\"><span data-contrast=\"none\">It assures that the quality of Gold is of same quality as promised by the\u00a0jeweler.\u00a0<\/span><span data-ccp-props=\"{&quot;134233279&quot;:true,&quot;201341983&quot;:0,&quot;335551550&quot;:1,&quot;335551620&quot;:1,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/li>\n<li data-leveltext=\"\u00b7\" data-font=\"Symbol\" data-listid=\"109\" aria-setsize=\"-1\" data-aria-posinset=\"220\" data-aria-level=\"1\"><span data-contrast=\"none\">Hall marking of gold\u00a0jeweler\u00a0is allowed in 14,18,20,22,23,24 carats.<\/span><span data-ccp-props=\"{&quot;134233279&quot;:true,&quot;201341983&quot;:0,&quot;335551550&quot;:1,&quot;335551620&quot;:1,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/li>\n<li data-leveltext=\"\u00b7\" data-font=\"Symbol\" data-listid=\"109\" aria-setsize=\"-1\" data-aria-posinset=\"221\" data-aria-level=\"1\"><span data-contrast=\"none\">In India, the hallmarking charges is \u20b935 plus GST per piece, irrespective of the weight of the\u00a0jewelry.<\/span><span data-ccp-props=\"{&quot;134233279&quot;:true,&quot;201341983&quot;:0,&quot;335551550&quot;:1,&quot;335551620&quot;:1,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/li>\n<li data-leveltext=\"\u00b7\" data-font=\"Symbol\" data-listid=\"109\" aria-setsize=\"-1\" data-aria-posinset=\"222\" data-aria-level=\"1\"><span data-contrast=\"none\">Four basic signs of hallmarking include,<\/span><span data-ccp-props=\"{&quot;134233279&quot;:true,&quot;201341983&quot;:0,&quot;335551550&quot;:1,&quot;335551620&quot;:1,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/li>\n<\/ul>\n<ul>\n<li data-leveltext=\"o\" data-font=\"&quot;Courier New&quot;\" data-listid=\"109\" aria-setsize=\"-1\" data-aria-posinset=\"43\" data-aria-level=\"2\"><span data-contrast=\"none\">The BIS mark denoted by a triangle,<\/span><span data-ccp-props=\"{&quot;134233279&quot;:true,&quot;201341983&quot;:0,&quot;335551550&quot;:1,&quot;335551620&quot;:1,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/li>\n<li data-leveltext=\"o\" data-font=\"&quot;Courier New&quot;\" data-listid=\"109\" aria-setsize=\"-1\" data-aria-posinset=\"44\" data-aria-level=\"2\"><span data-contrast=\"none\">The\u00a0caratage\u00a0(22K915) showing purity.<\/span><span data-ccp-props=\"{&quot;134233279&quot;:true,&quot;201341983&quot;:0,&quot;335551550&quot;:1,&quot;335551620&quot;:1,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/li>\n<li data-leveltext=\"o\" data-font=\"&quot;Courier New&quot;\" data-listid=\"109\" aria-setsize=\"-1\" data-aria-posinset=\"45\" data-aria-level=\"2\"><span data-contrast=\"none\">The mark of the\u00a0jeweler.<\/span><span data-ccp-props=\"{&quot;134233279&quot;:true,&quot;201341983&quot;:0,&quot;335551550&quot;:1,&quot;335551620&quot;:1,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/li>\n<li data-leveltext=\"o\" data-font=\"&quot;Courier New&quot;\" data-listid=\"109\" aria-setsize=\"-1\" data-aria-posinset=\"46\" data-aria-level=\"2\"><span data-contrast=\"none\">The accredited BIS.<\/span><span data-ccp-props=\"{&quot;134233279&quot;:true,&quot;201341983&quot;:0,&quot;335551550&quot;:1,&quot;335551620&quot;:1,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/li>\n<\/ul>\n<h5><b><span data-contrast=\"none\">What is \u2018dabba hallmarking\u2019 and how to ensure genuine hallmarking?<\/span><\/b><span data-ccp-props=\"{&quot;134233279&quot;:true,&quot;201341983&quot;:0,&quot;335551550&quot;:1,&quot;335551620&quot;:1,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/h5>\n<p><span data-contrast=\"none\">Dabba hall marking is a\u00a0malpractice. it is done\u00a0by.\u00a0<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335551550&quot;:1,&quot;335551620&quot;:1,&quot;335559739&quot;:160,&quot;335559740&quot;:257}\">\u00a0<\/span><\/p>\n<ul>\n<li data-leveltext=\"\u00b7\" data-font=\"Symbol\" data-listid=\"110\" aria-setsize=\"-1\" data-aria-posinset=\"223\" data-aria-level=\"1\"><span data-contrast=\"none\">Fake certification, without due sampling or verification.<\/span><span data-ccp-props=\"{&quot;134233279&quot;:true,&quot;201341983&quot;:0,&quot;335551550&quot;:1,&quot;335551620&quot;:1,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/li>\n<li data-leveltext=\"\u00b7\" data-font=\"Symbol\" data-listid=\"110\" aria-setsize=\"-1\" data-aria-posinset=\"224\" data-aria-level=\"1\"><span data-contrast=\"none\">Jeweler\u00a0forging his own sign of hallmarking by\u200abuying the\u200afake machine.\u00a0<\/span><span data-ccp-props=\"{&quot;134233279&quot;:true,&quot;201341983&quot;:0,&quot;335551550&quot;:1,&quot;335551620&quot;:1,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/li>\n<\/ul>\n<p><span data-contrast=\"none\">The authenticity can be ensured by\u00a0<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335551550&quot;:1,&quot;335551620&quot;:1,&quot;335559739&quot;:160,&quot;335559740&quot;:257}\">\u00a0<\/span><\/p>\n<ul>\n<li data-leveltext=\"\u00b7\" data-font=\"Symbol\" data-listid=\"110\" aria-setsize=\"-1\" data-aria-posinset=\"225\" data-aria-level=\"1\"><span data-contrast=\"none\">Mandating the\u00a0jewelers\u00a0to display the\u00a0license\u00a0in their sales outlets.\u00a0<\/span><span data-ccp-props=\"{&quot;134233279&quot;:true,&quot;201341983&quot;:0,&quot;335551550&quot;:1,&quot;335551620&quot;:1,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/li>\n<li data-leveltext=\"\u00b7\" data-font=\"Symbol\" data-listid=\"110\" aria-setsize=\"-1\" data-aria-posinset=\"226\" data-aria-level=\"1\"><span data-contrast=\"none\">another way is to get the\u00a0jewelry\u00a0checked at the AHCs by paying nominal\u00a0charges.\u00a0<\/span><span data-ccp-props=\"{&quot;134233279&quot;:true,&quot;201341983&quot;:0,&quot;335551550&quot;:1,&quot;335551620&quot;:1,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/li>\n<\/ul>\n<p><span data-contrast=\"none\">The\u00a0jewelers\u00a0are liable to pay penalty in case of fraud.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335551550&quot;:1,&quot;335551620&quot;:1,&quot;335559739&quot;:160,&quot;335559740&quot;:257}\">\u00a0<\/span><\/p>\n<h5><b><span data-contrast=\"none\">Impact of new RBI rules:<\/span><\/b><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335551550&quot;:1,&quot;335551620&quot;:1,&quot;335559739&quot;:160,&quot;335559740&quot;:257}\">\u00a0<\/span><\/h5>\n<ul>\n<li data-leveltext=\"\u00b7\" data-font=\"Symbol\" data-listid=\"111\" aria-setsize=\"-1\" data-aria-posinset=\"227\" data-aria-level=\"1\"><b><span data-contrast=\"none\">Jewelers can continue to buy non-hallmarked\u00a0jewelry:\u00a0<\/span><\/b><span data-contrast=\"none\">However, customers need to be careful. Either they can sell it to the same\u00a0jeweler,\u00a0or they should get the\u00a0caratage\u00a0of the\u00a0jewelry\u00a0ascertained\u00a0and then check with different\u00a0jewelers\u00a0for the\u00a0price.<\/span><span data-ccp-props=\"{&quot;134233279&quot;:true,&quot;201341983&quot;:0,&quot;335551550&quot;:1,&quot;335551620&quot;:1,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/li>\n<li data-leveltext=\"\u00b7\" data-font=\"Symbol\" data-listid=\"111\" aria-setsize=\"-1\" data-aria-posinset=\"228\" data-aria-level=\"1\"><b><span data-contrast=\"none\">No impact on gold-loan<\/span><\/b><span data-contrast=\"none\">: During\u200athe\u200apandemic, lenders have taken non-hallmarked gold as collateral against the gold loan.\u00a0<\/span><span data-ccp-props=\"{&quot;134233279&quot;:true,&quot;201341983&quot;:0,&quot;335551550&quot;:1,&quot;335551620&quot;:1,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/li>\n<\/ul>\n<ul>\n<li data-leveltext=\"o\" data-font=\"&quot;Courier New&quot;\" data-listid=\"111\" aria-setsize=\"-1\" data-aria-posinset=\"47\" data-aria-level=\"2\"><span data-contrast=\"none\">This can continue as the Reserve Bank of India (RBI) regulations do not talk about mandatory <a href=\"https:\/\/forumias.com\/blog\/gold-hallmarking-becomes-mandatory\/\" target=\"_blank\" rel=\"noopener\">hallmarking of gold<\/a> taken as collateral.\u00a0<\/span><span data-ccp-props=\"{&quot;134233279&quot;:true,&quot;201341983&quot;:0,&quot;335551550&quot;:1,&quot;335551620&quot;:1,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/li>\n<li data-leveltext=\"o\" data-font=\"&quot;Courier New&quot;\" data-listid=\"111\" aria-setsize=\"-1\" data-aria-posinset=\"48\" data-aria-level=\"2\"><span data-contrast=\"none\">however, it says the gold taken\u200aas collateral should be\u200avalued at the average of the closing price of 22 carat gold for the preceding 30 days as quoted by the India Bullion and\u00a0Jewelers\u00a0Association Ltd.\u00a0<\/span><span data-ccp-props=\"{&quot;134233279&quot;:true,&quot;201341983&quot;:0,&quot;335551550&quot;:1,&quot;335551620&quot;:1,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/li>\n<li data-leveltext=\"o\" data-font=\"&quot;Courier New&quot;\" data-listid=\"111\" aria-setsize=\"-1\" data-aria-posinset=\"49\" data-aria-level=\"2\"><span data-contrast=\"none\">So, borrowers of gold loans will not be\u00a0impacted.<\/span><span data-ccp-props=\"{&quot;134233279&quot;:true,&quot;201341983&quot;:0,&quot;335551550&quot;:1,&quot;335551620&quot;:1,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/li>\n<\/ul>\n<ul>\n<li data-leveltext=\"\u00b7\" data-font=\"Symbol\" data-listid=\"111\" aria-setsize=\"-1\" data-aria-posinset=\"229\" data-aria-level=\"1\"><b><span data-contrast=\"none\">Exemption<\/span><\/b><span data-contrast=\"none\">: \u00a0Jewelers\u00a0with annual turnover up to \u20b940 lakh do not fall within the purview of mandatory hallmarking. hence, they will be exempted.<\/span><span data-ccp-props=\"{&quot;134233279&quot;:true,&quot;201341983&quot;:0,&quot;335551550&quot;:1,&quot;335551620&quot;:1,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/li>\n<\/ul>\n<ul>\n<li data-leveltext=\"o\" data-font=\"&quot;Courier New&quot;\" data-listid=\"111\" aria-setsize=\"-1\" data-aria-posinset=\"50\" data-aria-level=\"2\"><span data-contrast=\"none\">However, they can get registration done if they wish to sell hallmarked\u00a0jewelry.<\/span><span data-ccp-props=\"{&quot;134233279&quot;:true,&quot;201341983&quot;:0,&quot;335551550&quot;:1,&quot;335551620&quot;:1,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/li>\n<li data-leveltext=\"o\" data-font=\"&quot;Courier New&quot;\" data-listid=\"111\" aria-setsize=\"-1\" data-aria-posinset=\"51\" data-aria-level=\"2\"><span data-contrast=\"none\">Also, hallmarking is not mandatory for gold\u00a0jewelry\u00a0weighing less than two grams.<\/span><span data-ccp-props=\"{&quot;134233279&quot;:true,&quot;201341983&quot;:0,&quot;335551550&quot;:1,&quot;335551620&quot;:1,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Synopsis:\u00a0\u00a0What are the impacts of new RBI rules that mandates to sell only hallmarked\u00a0gold\u00a0jewelry\u00a0and artefacts.\u00a0 \u00a0What is hallmarking?\u00a0 \u00a0Hall marking is a certification of purity. it is given by hallmarking\u00a0centers\u00a0(AHCs) accredited by the Bureau of Indian Standards (BIS).\u00a0 It assures that the quality of Gold is of same quality as promised by the\u00a0jeweler.\u00a0\u00a0 Hall marking&hellip; <a class=\"more-link\" href=\"https:\/\/forumias.com\/blog\/what-is-hallmarking\/\">Continue reading <span class=\"screen-reader-text\">What is Hallmarking<\/span><\/a><\/p>\n","protected":false},"author":61,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[1230,8043,9],"tags":[],"class_list":["post-114295","post","type-post","status-publish","format-standard","hentry","category-9-pm-daily-articles","category-current-affairs-cat","category-public","entry"],"jetpack_featured_media_url":"","views":{"total":0,"cached_at":"","cached_date":1704641063},"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/114295","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/users\/61"}],"replies":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/comments?post=114295"}],"version-history":[{"count":0,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/114295\/revisions"}],"wp:attachment":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/media?parent=114295"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/categories?post=114295"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/tags?post=114295"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}